WeissLaw LLP: Bank Mutual Corporation Acquisition May Not Be in the Best Interests of BKMU Shareholders

NEW YORK, July 24, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Bank Mutual Corporation ("BKMU" or the "Company") (NASDAQ: BKMU) in connection with the proposed acquisition of the Company by Associated Banc-Corp ("ASB") (NYSE: ASB).  Under the terms of the acquisition agreement, the Company's shareholders will receive 0.422 of a share of ASB for each BKMU share they own, representing consideration of $9.85 based on ASB's July 21 closing price.  

WeissLaw is investigating whether BKMU's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, prior to the acquisition announcement, at least one analyst set a target price of $11.00 per share.  Additionally, BKMU shares traded at $10.20 as recently as February of this year. 

Moreover, according to the acquisition announcement, "[a]s a result of this transaction, [ASB] will strengthen its Wisconsin network and expand services into nearly a dozen additional communities."

Given these facts, WeissLaw is investigating whether BKMU's shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects.  If you own BKMU shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.  

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/bank-mutual-corporation/

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SOURCE WeissLaw LLP